The RealReal, Inc. operates an online marketplace for authenticated resale luxury goods, connecting consignors and buyers through a full-service consignment model. Company news commonly covers gross merchandise value, revenue, consignment and direct revenue trends, Adjusted EBITDA, operating cash flow, and active buyer activity across its luxury resale platform.
Updates also address The RealReal's authentication process, proprietary technology for pricing and processing, service options such as virtual appointments, in-home pickup, drop-off and direct shipping, and categories including fashion, fine jewelry, watches, art and home. Additional recurring developments include retail location activity, brand and content initiatives, investor conference participation, and board or executive leadership changes.
The RealReal (Nasdaq: REAL) reported strong financial results for Q3 2021, with Gross Merchandise Value (GMV) increasing 50% year-over-year to $368 million and Total Revenue rising 53% to $119 million. The company achieved a gross profit per order of $94, up by $4 from the previous year. Despite experiencing elevated shipping costs and staffing issues, The RealReal remains optimistic about future performance, citing a robust operational footing and ongoing investments in automation. Cash and equivalents stood at $445 million as of September 30, 2021.
The RealReal (Nasdaq: REAL) reported a significant October 2021, achieving a gross merchandise value (GMV) of approximately $137 million, which is a 45% increase compared to October 2020 and a 38% rise from October 2019. The average order value (AOV) also grew to around $491, marking a 13% and 7% increase over the same periods. The company aims to enhance transparency on its performance amid the COVID-19 pandemic by disclosing monthly GMV and AOV data through the end of 2021.
The RealReal (Nasdaq: REAL), a leading online marketplace for authenticated resale luxury goods, will announce its third-quarter financial results for the period ending September 30, 2021, on November 8, 2021, after market close. A conference call will be held at 2:00 PM PT (5:00 PM ET) to discuss these results, accessible via phone or live webcast. The RealReal serves over 23 million members and emphasizes sustainability through a rigorous authentication process, providing a reliable platform for buying and selling luxury items.
The RealReal (Nasdaq: REAL) reported a strong business update for September 2021, with Gross Merchandise Volume (GMV) of approximately $127.3 million, marking a 44% year-over-year increase. The Average Order Value (AOV) rose by 9% to roughly $481. For Q3 2021, GMV reached about $367.9 million, reflecting a 50% year-over-year growth. This performance indicates a recovery from the impacts of COVID-19 and positions the company favorably for the fall and holiday seasons. The RealReal plans to continue disclosing monthly GMV and AOV through 2021 to enhance transparency.
The RealReal has launched a national expansion of its Get Paid Now program and introduced the Circular ReSource Lab to address fashion waste. The brand celebrates National Consignment Day by enhancing luxury consignment options, such as adding categories like sports gear and electronics. They are partnering with Mytheresa to increase customer engagement in the resale market. The Circular ReSource Lab aims to create sustainable solutions focusing on reimagining, reviving, and reselling items, with an upcoming zero-waste collection to be released this holiday season.
The RealReal (Nasdaq: REAL) appoints Robert Julian as Chief Financial Officer, effective October 1, 2021. Julian, with extensive public company experience, previously served as CFO at Sportsman’s Warehouse, among others. His track record includes driving net sales from $800 million to $1.5 billion. Under his leadership, The RealReal achieved record gross merchandise volume (GMV) of $350 million in Q2. Julian expressed enthusiasm about contributing to the company's profitable growth and sustainability initiatives in the resale luxury market.
The RealReal (NASDAQ: REAL) released its 2021 Luxury Shopper Insights Study, revealing significant shifts in luxury buying behavior. Luxury resale growth is outpacing the primary market, with a 14-point increase in brand awareness since 2019. Men represent a key demographic, being three times more likely to exclusively buy luxury. Additionally, 48% of luxury shoppers plan to purchase luxury resale in the next two years. The company emphasizes sustainability, noting a 13% increase in shoppers citing it as a buying factor. The study indicates ongoing opportunities for market expansion despite current challenges.
The RealReal (Nasdaq: REAL) reported a significant business update for August 2021, with Gross Merchandise Volume (GMV) reaching approximately $124 million, marking a 50% year-over-year increase. This figure also reflects a 41% increase compared to August 2019. The Average Order Value (AOV) was approximately $477, up 6% year-over-year. Analysts anticipate Q3 GMV will range from $365 million to $368 million, indicating 49% to 50% growth year-over-year. The company plans to continue providing monthly GMV and AOV updates through 2021 to enhance transparency amid ongoing market changes.
SAN FRANCISCO, Aug. 31, 2021 — The RealReal (Nasdaq: REAL), the largest online marketplace for authenticated resale luxury goods, announced participation in a fireside chat at the Raymond James 2021 Consumer Conference on Sept. 14. Julie Wainwright, founder and CEO, alongside Matt Gustke, CFO, will represent the company. This presentation will be available via webcast on The RealReal’s investor relations website and can be replayed for a limited time post-event.
With over 23 million members, The RealReal emphasizes sustainability and a rigorous authentication process for luxury goods.
The RealReal (Nasdaq: REAL) has released its 2021 Luxury Resale Report, highlighting the surge in luxury resale amidst changing consumer habits. Over the past year, 29% of buyers made their first pre-owned luxury purchase, and 45% of new consignors were first-time sellers. Notable trends include a 62% increase in Gucci transactions and a staggering 590% rise in demand for Telfar. Gen Z shoppers showed remarkable growth, with their participation up 33% in buyers and 86% in consignors, indicating a shift toward sustainable luxury investments.